Looking to diversify beyond THIFX? The mutual funds below have historically moved differently from THIFX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for THIFX
8 mutual funds have low correlation with THIFX (below 0.3), 0 of which are negatively correlated. The least correlated is Leader Short Term High Yield Bond Fund (LCCMX) (Short-Term Bond) with a 1Y correlation of 0.10, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leader Short Term High Yield Bond Fund | 0.10 | 0.15 | 0.22 | 84 | Short-Term Bond | THIFX vs LCCMX | |
| GuidePath Absolute Return Allocation Fund | 0.13 | 0.60 | 0.68 | 69 | Short-Term Bond | THIFX vs GPARX | |
| DFA Two-Year Fixed Income Portfolio | 0.17 | 0.03 | 0.36 | 100 | Short-Term Bond | THIFX vs DFCFX | |
| Thornburg Global Opportunities Fund | 0.17 | 0.13 | 0.10 | 89 | Foreign Large Cap Equities | THIFX vs THOIX | |
| Thornburg Investment Income Builder Fund | 0.22 | 0.25 | 0.18 | 98 | Global Allocation | THIFX vs TIBAX |
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